Russia’s largest bank Sberbank secures approval to trade crypto

Russia’s largest bank, Sberbank, has received approval to exchange cryptocurrencies, advancing Moscow’s effort to bring crypto trading and custody into its regulated financial system. The Bank of Russia added Sberbank to its register of cryptocurrency exchange providers, according to Interfax . The bank had already joined the digital depository register earlier this month, giving it a role in recording clients’ crypto holdings. There are now nine organizations on the exchange register, including VTB and T-Invest Lab.